Property Details
About this Property
Currently Two Single Family Homes and one Duplex on oversized 18k sqft lot. A large portion of the lot is completely undeveloped and is already entitled and fully approved for 4 more units (Two Duplexes) which have permits Ready to Issue and buyer can begin construction immediately. One of the homes was completely remodeled in 2023 and is collecting $2,595 in rent. All tenants are quality people and not only have zero issues but are wonderful people to work with and pay rent on time. Property is being offered at $1,650,000 which is significantly cheaper than many four unit buildings nearby that have sold with smaller lots and no approved plans. The fully approved plans give a buyer the immediate ability to significantly increase the cash flow of the property. Bids are available by request. Total construction cost for four units estimated $550k and will return to buyer $10,800 monthly or $129,600 annually or a 23% annualized return on the new 4 unit built. New construction buildings sell for an average of $509k/unit.
MLS Listing Information
MLS #
CRSB24145024
MLS Source
California Regional MLS
Interior Features
Appliances
Other
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 1 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
8042 Jaboneria Rd is a Residential Income in Bell Gardens, CA 90201. This – square foot property sits on a 18,078 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,600,000 and was built in 1954. This address can also be written as 8042 Jaboneria Rd, Bell Gardens, CA 90201.
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This listing information is up-to-date as of September 17, 2024. For the most current information, please contact Cameron Samimi
